RPT-BUZZ-PREVIEW: 3M seen posting 31% year-on-year EPS plunge
Repeats from Friday with no changes to text
** Shares of 3M MMM.N up 1.2% on Fri amid a broader rally ahead of qtrly report due before market open on Tues; stock market closed Monday in observance of Martin Luther King Day
** Industrial conglomerate is expected to report adj EPS of $1.66, a 31.1% yr/yr decline, on rev of $5.78 bln vs $7.69 bln in year-ago qtr, a 24.9% drop, according to LSEG data
** Co has beaten or met EPS estimates for all but one of eight most recent qtrs - last miss was Q4 2022, per LSEG
** On Oct 22, MMM hiked its full-year profit forecast after solid demand for its roofing material, industrial adhesives and electronics equipment helped the co beat qtrly profit estimates
** Of 19 analysts covering 3M, 11 rate stock "buy" or stronger, 6 recommend "hold," and 2 say "sell"; median PT of $146 versus current price of $140.88 - LSEG
** So far in 2025, MMM has advanced ~9% vs the Dow's .DJI ~2.5% gain and S&P 500 Industrials .SPLRCI near 5% rise over the same time period
(Reporting by Stephen Culp)
((stephen.culp@thomsonreuters.com; 646-223-6076;))
Related Articles
How Is the U.S. Accumulating Bitcoin — and Why Is the Market Watching So Closely?
In short, the form of U.S. Bitcoin accumulation is a powerful policy language. A direct purchase strategy could trigger a seismic shift in global finance, while a passive approach would reinforce the status quo. For investors, understanding how the U.S. acts is more important than whether it acts at
Fed at a Crossroads: Powell Faces the Spotlight at Jackson Hole in a Moment of Fed Uncertainty
TradingKey - The annual Jackson Hole Symposium is currently underway, with Federal Reserve Chair Jerome Powell’s speech on Friday, August 22, drawing global attention. Amid growing internal divisions within the Fed and external pressure from the Trump administration to reshape its leadership, will
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
Ethereum Price Prediction: Will ETH Extend the Rally? What’s the Future Trend?
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,
